Also found in: Thesaurus, Legal, Financial, Acronyms, Wikipedia.
Related to closed corporation: closely held corporation
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.
(Commerce) US a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market. Also: close corporation
an incorporated business owned by a few individuals who seldom sell their stock and so retain control.
Switch to new thesaurus
|Noun||1.||closed corporation - a corporation owned by a few people; shares have no public market|
corp, corporation - a business firm whose articles of incorporation have been approved in some state
family business - a corporation that is entirely owned by the members of a single family